What is PT Petrosea Tbk Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PT Petrosea Tbk's annualized net income for the quarter that ended in Mar. 2024 was Rp10,051 Mil. PT Petrosea Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2024 was Rp1,609,777 Mil. Therefore, PT Petrosea Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 0.62%.
The historical rank and industry rank for PT Petrosea Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:PTRO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.34 Med: 9.61 Max: 17.12
Current: 6.84
During the past 12 years, PT Petrosea Tbk's highest Return-on-Tangible-Equity was 17.12%. The lowest was -7.34%. And the median was 9.61%.
ISX:PTRO's Return-on-Tangible-Equity is ranked better than 86.29% of 2465
companies
in the Metals & Mining industry
Industry Median: -16.61
vs ISX:PTRO: 6.84
PT Petrosea Tbk Return-on-Tangible-Equity Historical Data
The historical data trend for PT Petrosea Tbk's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of PT Petrosea Tbk's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, PT Petrosea Tbk's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Petrosea Tbk's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Petrosea Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Petrosea Tbk's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PT Petrosea Tbk Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of PT Petrosea Tbk's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Petrosea Tbk is an Indonesian-based firm engaged in multi-disciplinary mining, infrastructure, and oil and gas services. It operates in three business segments. The Mining segment covers mining contracts like overburden stripping, drilling, blasting, lifting, hauling, mine services, and mines partnering. The Services segment covers supply-based facilities and port services. The Engineering and Construction segment provides multi-disciplinary engineering, procurement, and construction services to oil and gas, infrastructure, industrial, and manufacturing, and utility sectors. This segment also includes the supply of skilled trade personnel and equipment hire services. The majority of its revenue comes from the Mining segment.
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